Category: News

Nasdaq Broad View

authorJess Garner | July 7, 2008

NDAQ
Last - 24.95
+0.01

The Nasdaq 100 index rose slightly in an abbreviated trading session as Wall Street weighed record-high crude oil prices and reports showing a drop in the service sector, but an unchanged unemployment rate.

The index, which includes 100 of the largest nonfinancial securities listed on the Nasdaq Stock Market (nasdaq: NDAQ) , rose 0.20 points to 1,816.35. The broader Nasdaq composite fell 6.08 points to 2,245.38.

Nasdaq falling side…

On the falling side, shares of Nvidia Corp. (nasdaq: NVDA) plunged $5.54, or 30.7 percent, to $12.49 after the graphics chip maker lowered its second-quarter revenue outlook. Earlier in the session, shares touched a 52-week low of $12.40.

LEAP

Shares of Leap Wireless International (nasdaq: LEAP) Inc. lost $4.25, or 10.5 percent, to $36.42. Rival low-cost wireless carrier MetroPCS Communications (nyse: PCS) Inc. posted disappointing subscriber numbers for its second quarter Thursday.

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